What is Warehouse Robotics Market?
Industries are having rising expectations for E-commerce customers for fast and accurate service at the same time they juggle labor challenges. Warehouse robotics are the future solution to such problems. Warehouse Robots are designed to cater to functions including storage, sorting, assembling and disassembling, trans-shipment, distribution, replenishment, packaging, labeling, inspection, consolidation. The emergence of the advanced technologies in robotics and the growing e-commerce industry are some of the driving factors which are propelling the global warehouse robotics market. Additionally, the mobile robots are also being extensively used in e-commerce sectors for implementing warehouses operation by manufacturing companies.
The market study is being classified by Type (Fixed Robots, Mobile Robots, Gantry Robots and Stationery Articulated Robots) and major geographies with country level break-up. According to AMA, the Global Warehouse Robotics market is expected to see growth rate of 27.4%
Kuka AG (Germany), Daifuku Co, Ltd. (Japan), ABB Ltd. (Switzerland), Knapp AG (Austria), Dematic (United States), Grenzebach GmbH & Co. KG (Germany), Hitachi, Ltd. (Japan), Bastian Solutions (India), Amazon Robotics (United States) and Vanderlande Industries Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Adept Technology (India), Vecna (United States), SSI Schafer (Germany), Murata Machinery (Japan) and Clearpath Robotics, Inc.(Canada).
The Warehouse Robotics market is highly competitive with several major players. Based on the market share, few of the major players are currently dominating the market. These major players are focused on expanding their customer base across foreign countries. The players are also leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. Moreover, the companies operating in the market are also acquiring start-up companies and warehouse robotics technologies to strengthen their product capabilities. In November 2017, Yaskawa expanded its presence in Europe and built its first European robot factory in Slovenia. With this particular expansion, the company is consistently implementing its strategy to offer premium customer service. The expansion investments cost GBP 25 million. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Warehouse Robotics market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Warehouse Robotics market by Type, Application and Region.
On the basis of geography, the market of Warehouse Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growth in the E-Commerce, Food & Beverage, Pharmaceutical, and Automotive Industries
- Rising Number of Consumer Choices Using E-commerce Platform
- Increasing Number of Stock Keeping Units
Market Trend
- Customized Soluion Offered by the Companies
- Adoption of IoT in Warehouse Robotics
- Introduction of ASRS (Automated Storage and Retrieval System) in Warehouse Automation System
Restraints
- High Initial Cost for Deployment of Training and Deployment
- Complexity Involved in Integration of Different Services
Opportunities
- Growing E-commerce Industries, Owing to Rising Internet Penetration
- Adoption of Warehouse Robotics by SMEs
Challenges
- Lack of Expertise in Robot Programming and Implementation
- Increasing Cost of Inventory Management
On 8th April 2019, Clearpath Robotics Company,announced a new autonomous robot, i.e. Otto 750, a vehicle designed to autonomously transport pallets, racks, and other medium-sized payloads through obstacle-strewn environments. It joins the Otto 100 (which is designed to carry 100-kilogram loads) and the Otto 1500 (which carries up to 1,500 kilograms) in Clear path’s product lineup.
Key Target Audience
Warehouse Robotics Manufacturers, Raw Material Distributors and Suppliers, Government Agencies, Potential Investors, Industry Associations, Downstream Vendors and Others